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(GULFPETRO) Gp Petroleums complete technical analysis [charts+indicators] | Buy/Sell Gp Petroleums | (GULFPETRO) share price targets

Complete technical analysis of Gp Petroleums (GULFPETRO) by charts plus indicators, forecast predictions and share price targets for Gp Petroleums (GULFPETRO)

Gp Petroleums trades in NSE in Oil Marketing & Distribution sector.

Showing technical analysis as on 2024-08-26 View latest technical analysis

10 day averaged volume of Gp Petroleums is 238153

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	70.73	72.00	72.00	70.10	0.463 times
23 Fri Aug 2024	71.05	72.60	72.60	70.58	0.541 times
22 Thu Aug 2024	71.52	71.20	72.86	71.11	0.936 times
21 Wed Aug 2024	71.10	68.50	72.43	68.50	1.518 times
20 Tue Aug 2024	68.32	69.15	69.75	67.20	0.504 times
19 Mon Aug 2024	68.86	66.62	69.72	66.62	1.023 times
16 Fri Aug 2024	66.61	68.38	68.38	66.10	1.089 times
14 Wed Aug 2024	66.56	68.15	70.50	65.99	1.329 times
13 Tue Aug 2024	67.98	72.17	73.00	66.60	1.558 times
12 Mon Aug 2024	71.94	71.10	72.48	70.17	0.735 times

My analysis of stock is bearish for shortterm, and stock might move down till 68.2 or till 64.2. Use a stoploss of 71.53 and if the stock hits stoploss, then it can shoot up till 74.88

Share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Target	55.05
Downside Target	59.55
Downside Target	61.55
Downside Target	65.41
Downside Target	69.75
Upside Target	71.50
Upside Target	73.00
Upside Target	73.40
Upside Target	74.05
Upside Target	79.00
Upside Target	81.50
Upside Target	81.99

Intraday share price targets for Gp Petroleums (GULFPETRO)

Target Type	Value
Downside Intraday Target	69.89
Downside Intraday Target	69.04
Upside Intraday Target	71.79
Upside Intraday Target	72.84
Upside Intraday Target	70.94

Weekly technical analysis of Gp Petroleums (GULFPETRO)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	70.73	72.00	72.00	70.10	0.102 times
23 Fri Aug 2024	71.05	66.62	72.86	66.62	0.96 times
16 Fri Aug 2024	66.61	71.10	73.00	65.99	0.682 times
09 Fri Aug 2024	71.61	72.00	79.00	61.55	0.672 times
02 Fri Aug 2024	75.23	81.00	81.50	74.05	0.538 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Gp Petroleums (GULFPETRO)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	70.73	78.38	79.00	61.55	0.302 times
31 Wed Jul 2024	77.88	66.01	81.99	65.41	2.955 times
28 Fri Jun 2024	65.83	63.65	71.50	55.05	1.923 times
31 Fri May 2024	60.90	69.40	69.75	59.55	0.529 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Gp Petroleums (GULFPETRO)

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Gp Petroleums ( (GULFPETRO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Gp Petroleums stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Gp Petroleums in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Gp Petroleums Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Gp Petroleums in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Gp Petroleums is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 69.18 and Gp Petroleums (GULFPETRO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Gp Petroleums (GULFPETRO) stock. Volume based technical analysis of Gp Petroleums (GULFPETRO) stock is negative.

Gp Petroleums Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.